CAREERS IN INSURANCE – LIC,Graduate Jobs,Insurance companies,General Insurance,Training

July 15, 2018 - Comment

CAREERS IN INSURANCE.Go through the career opportunities of INSURANCE, Govt jobs and Employment News channel from Freshersworld.com – The No.1 job portal for freshers in India. Visit http://www.freshersworld.com?src=Youtube for detailed Career information,Job Opportunities,Training details of INSURANCE. The field of insurance is wide and diverse. Insurance is also a very important aspect of life with an

CAREERS IN INSURANCE.Go through the career opportunities of INSURANCE, Govt jobs and Employment News channel from Freshersworld.com – The No.1 job portal for freshers in India. Visit http://www.freshersworld.com?src=Youtube for detailed Career information,Job Opportunities,Training details of INSURANCE.
The field of insurance is wide and diverse. Insurance is also a very important aspect of life with an insurance policy being a must for everyone. This career option of Insurance is challenging and requires lot of hard work and strong persuasive skills. A professional in insurance business has to have a complete knowledge about government norms and regulations, relating to insurance.
There are many instances when students after their 12th, take up insurance career as a part time income generating option. Insurance companies have started providing training to these students who aspire to join their company and sell insurance products in lieu of commission or fixed stipend. But as per experts the best way to groom a career in insurance is to complete college education and master’s program, specialising in insurance management.
A master’s degree will broadly cover a wide spectrum of subjects with focus on Principles and Practices of Life and General Insurance, Life and Non Life Insurance Domains, Insurance Laws, Life Insurance Underwriting and Risk Management, Liability of Insurance and Life Insurance Claims and Reinsurance and Life Insurance Products. The objective is to acquaint students with various facets in the insurance business and services.
There are many colleges and universities that have designed programs to offer specialisation in insurance. Some of the well-known centres of learning are National Insurance Academy School of Management (Pune), The Institute of Insurance and Risk Management (Andhra Pradesh), National Law University (Jodhpur) and Banaras Hindu University.
Some of the courses that are offered are International Post Graduate Diploma in Life Insurance, International Post Graduate Diploma in General Insurance and International Post Graduate Diploma in Risk Management. Those doing MBA can opt for specialisation in insurance management or take up Masters in Financial Management that covers insurance as a core subject.
Insurance is a flexible career options so students or home makers can take up work with well-known Insurance companies. They can work as an Insurance Agent or an Insurance Sales Executive selling insurance products. It is mandatory to clear the agent exam taken by Insurance Regulatory Authority of India (IRDA). With experience and knowledge they can get good position in companies like ICICI Lombard, Bajaj Insurance, and AVIVA to New India Life Insurance.
In the initial stages of the career one can expect to start with a salary ranging from Rs 10,000 to Rs 15,000 plus commission on each policy sold or target achieved. Those graduating from premier colleges can get good salary packages and good position.
Career prospects in Insurance are very good as this is a fast growing business with only 14 per cent of the total population insurance. There is still a large portion around 86 % which needs to be sold insurance product. Companies are on lookout for talented people, who can sell policies and products with a pleasing personality and communication skills which can tempt consumers in buying the concept insurance.

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***Disclaimer: This is just a career guidance video for fresher candidates. The name, logo and properties mentioned in the video are proprietary property of the respective companies. The career and job information mentioned are an indicative generalised information. In no way Freshersworld.com, indulges into direct or indirect recruitment process of the respective companies.

 


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